Binance Founder CZ Buys Aster Token & Recalls His “Unlucky Charm” Crypto Past

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Ah, the crypto world! Binance’s czar himself, Changpeng “CZ” Zhao, has decided to throw a little more of his coin into the Aster (ASTER) token fire, all while reminiscing about his past (and rather disastrous) crypto losses. With a wink and a chuckle, he’s joking about his “unlucky charm” status, but still, he urges investors to be cautious. Because, let’s face it, luck and crypto aren’t exactly BFFs.

The great and powerful Binance founder, CZ, recently got his hands on more of that spicy Aster (ASTER) token. This little shopping spree comes after the price of said token decided to do a little dance-going up, then down, as crypto prices do. CZ, ever the humble (or perhaps self-deprecating) figure, declared he might just be the “unlucky charm” of the crypto world. Apparently, bad investment decisions and CZ have a long and tortured history, one that he doesn’t mind sharing with the world, because why not? What’s a little public humiliation among friends?

Former Binance Chief Recalls Crypto’s Past Volatility Amid ASTER Token Purchase

On November 2, 2025, CZ took to social media like the crypto celebrity he is, announcing his latest purchase: 2.09 million ASTER tokens, straight from his own pocket. Talk about a “buy and hold” strategy. Naturally, this announcement shook the market like a caffeinated squirrel. The price of ASTER shot up by a jaw-dropping 30 percent, reaching a dizzying high of 1.26 before dropping back to a more humble 0.91, like a rollercoaster that makes you scream then gives you whiplash.

But wait, the ride didn’t last long. The gains were as fleeting as a summer romance. The price plummeted back to around 0.90, as if to say, “You thought you were winning, didn’t you?” Big whales (no, not the aquatic kind) were apparently involved, placing short positions and causing the gains to evaporate quicker than the hopes of an unprepared crypto newbie.

Related Reading: Binance Founder CZ Buys ASTER with Personal Funds Sending Token Price Up Sharply | Live Bitcoin News

CZ, ever the optimist (well, at least he tries), called this an example of his “reverse Midas touch.” Apparently, his knack for turning gold into, well, not gold, is legendary. He humbly admitted that he can’t always emerge from a losing position unscathed-such is life in the crypto trenches. This prompted a walk down memory lane to reflect on his early days of crypto agony.

Speaking of which, CZ couldn’t help but remember his Bitcoin adventure in 2014, when he purchased the crypto at a lovely $600. A month later, it was languishing at $200. That’s an 18-month-long heartbreak, right there. A true romance with financial despair. But hey, who hasn’t been there?

And let’s not forget his ill-fated BNB purchase in 2017, where the price dipped by 20-30%. The pain didn’t last long, though-about a few weeks, which is a little better than a couple of years, right?

CZ Ends Public Disclosures to Prevent Market Influence

After these harrowing, soul-crushing experiences, CZ dropped some knowledge on his fellow investors. He warned them to take it slow, to proceed with caution, to be ever-vigilant. Even the pros-who’ve weathered the storms of the market-sometimes find themselves caught in a nasty slump. He wrapped it up with a philosophical question: “Who knows what’s going to happen this time?” Well, that’s the $64,000 question in crypto.

And then, in a move that could only be described as “responsible leadership” (finally), the now-former CEO announced that he would no longer publicly disclose his crypto purchases. Why? To avoid swaying the market, of course. Because who needs more manipulation in a market that’s already as unstable as a jenga tower in an earthquake?

According to CoinMarketCap, the Aster token is trading at 0.91 at the moment-down a whole 6% in just 24 hours. But don’t worry, it’s just another Tuesday in crypto-land. This massive shift in the market, influenced by one of the biggest names in crypto, proves that even the most powerful can cause a ripple (or a tsunami, depending on your perspective).

In the end, CZ’s transparency about his investments is a reminder that no one-no matter how powerful or wealthy-is immune to the capricious nature of the market. His candid disclosures about his misadventures serve as a sort of crypto moral lesson. Because if you can’t laugh at your own losses in crypto, what’s the point of even getting into it? At least CZ has the self-awareness to wear his mistakes like a badge of honor-or, more accurately, a cautionary tale.

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2025-11-05 01:28